Last year’s No. 1 state, Utah, falls from the top spot for the first time since 2009 and ranks No. 3 overall. The state still has a very pro-business climate and companies benefit from energy costs that are 29% below the national average. Utah’s economy has expanded at 2% a year over the past five years—fourth best in the U.S., but job and income growth has slowed relative to the rest of the country, which knocks Utah down two notches.